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Luxury giant Kering plans 32-acre office, operations center in Wayne

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Perhaps best known for its Gucci brand, French luxury conglomerate Kering announced plans last week to develop a logistics and office center in Passaic County, NJBIZ reported. The fashion group, according to a news release, is slated to develop a 770,000 square-foot distribution center with 80,000 square feet of office space. Kering said it hopes to receive a LEED Gold certification at its facility at 150 Totowa Road in Wayne, which is expected to open in 2020. The new center for operations for the Paris-based brand will support 350 jobsand replace the company’s existing facility in Secaucus. Property records show that the Wayne site is owned by Saddle Brook-based Peykar Family Properties, which purchased the property in 2005 for $13 million. GlobeSt reported in July 2017 that Peykar, also the owner of the carper manufacturing company Nourison Industries, had tapped Cushman & Wakefield to market a 459,822-square-foot spec warehouse at the site. Kering, which also owns the Bottega Veneta, DoDo, Pomellato and Saint Laurent brands, inked a lease in May for its Alexander McQueen label at 71 Greene Street in Soho. [NJBIZ]